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Top Jobs After MBA in Canada & Average Salaries in 2024

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Yocket Editorial Team
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Worried about finding a job in Canada after your MBA? With over 60% of jobs coming from small and medium enterprises, Canada offers ample opportunities across sectors for MBA graduates. Major hubs like Toronto, Vancouver, and Montreal see thousands of openings annually. However, choosing the right specialization and networking effectively are key. 

This guide explores stay-back options, popular specializations, top recruiters, expected salaries, and proven techniques to maximize your ROI. Join Yocket Premium for personalized mentoring to make your Canadian MBA dreams a reality.

Table of Contents

Stay-Back Options After Completing MBA in Canada

Before we delve deep into the job opportunities after an MBA in Canada, let us briefly discuss the stay-back options for international students. Since you will already have a valid Canadian student visa while pursuing your MBA in Canada, the next step will be to apply for a post-graduation work permit (PGWP).

The PGWP allows students who have graduated from designated learning institutions (DLI) to stay and work in Canada temporarily with a maximum stay-back period of 3 years. Students can leverage this time to look for suitable jobs that match their skill sets and career aspirations.  This will also help them gain valuable work experience in Canada that can be used to further seek employment inside the country or any other country outside Canada.

Suggested: All you need to know about Post-graduation work permits in Canada for international students

NOTE

The duration of PGWP in Canada depends on the duration of your program. If you have completed a 2 year MBA program, you will be allowed to stay in Canada for 3 years. If the duration of your MBA program is 1 year, your work permit will also be valid for 1 year. 

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Job Opportunities After MBA in Canada from Top Business Schools

Students prefer to get into top business schools to pursue an MBA in Canada because there is a higher possibility of finding jobs with assistance from the university. Coveted institutions in Canada boast of high employability rates, with graduates employed at some of the top recruiters with promising career prospects. 

The average salary after an MBA in Canada is CAD 110,000 (INR 69,19,590)/ year. The Executive MBA program is the best-paying degree in Canada, with an average annual salary of CAD 155,000 (INR 96,62,490).

When we talk about the top recruiters for MBA graduates in Canada, the following companies are surely on the list:

  • Microsoft
  • EY
  • InBC Investment Corp
  • General Mills
  • Google
  • IBM
  • Morgan Stanley
  • Amazon
  • RBC Bank
  • Siemens
  • Canadian Imperial Bank of Commerce
  • Deloitte

The average salary of MBA graduates in Canada from top universities is a point of discussion. Take a look at the table below to learn more about the salary in Canada after an MBA from a top university, according to the QS Global MBA Rankings 2024:

Business School

QS MBA Ranking 2024

Average Salary Packages Per Year

University of Toronto

41

CAD 134,000 (INR 83,53,380)

Queen’s University

76

CAD 122,000 (INR 76,05,320)

Western University

69

CAD 135,000 (INR 84,15,720)

McGill University

73

CAD 149,000 (INR 92,88,460)

York University

98

CAD 178,000 (INR 1,10,96,280)

University of British Columbia

84

CAD 110,000 (INR 68,57,250)

University of Alberta 

111-120

CAD 97,000 (INR 60,46,850)

Concordia University

121-130

CAD 113,000 (INR 70,44,270)

Dalhousie University

151-200

CAD 100,000 (INR 62,33,870)

HEC Montreal

151-200

CAD 90,000 (INR 56,10,480)

Suggested: Find out more about the best MBA Colleges in Canada

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The MBA universities in Canada offer a variety of specializations, some of which are more popular among students because of their job and salary prospects. Let us take a look at the job prospects for the popular ones:

MBA in Finance Jobs & Salary

Featuring the largest finance sector, Canada continues to attract finance graduates. There are mainly 3 subdivisions within the MBA in Finance specialization, i.e., banking, investments, and corporate finance. With this specialization, you will be prepared for a career in several fields, such as corporate finance, corporate treasury, investment banking, asset management, risk management, etc.

Job Title

Top Employers

Average Salary/ year

Financial Analyst

EY, KPMG

CAD 160,000 (INR 99,74,190)

Corporate Treasurer

LXT, IMAX

CAD 154,000 (INR 96,00,150)

Financial Manager

CWC, Reliance Kitchen

CAD 241,000 (INR 1,50,23,620)

Chief Financial Officer

QAcademy

CAD 243,000 (INR 1,51,48,300)

General Manager

Canada Immigration and Visa Services

CAD 220,000 (INR 1,37,14,510)

MBA in Marketing Jobs & Salary

An MBA in Marketing is related to an analysis of customers and markets and adding value to products and services through marketing strategies. Your job will be related to advertising, market research, project management, marketing, consulting, brand and product marketing, etc.

Job Title

Top Employers

Average Salary/ year

Marketing Manager

Microsoft, HOYA Vision Care

CAD 209,000 (INR 1,30,28,780)

Marketing Executive

Nestle, Johnson & Johnson

CAD 163,000 (INR 1,01,61,200)

Marketing Analyst

TELUS

CAD 126,000 (INR 78,54,670)

Chief Marketing Officer

FilSwan

CAD 223,000 (INR 1,39,01,530)

Market Development Manager

Trelleborg Sealing Solutions

CAD 167,000 (INR 1,04,10,560)

MBA in Human Resources Jobs & Salary

By earning an MBA in Human Resources, you will be a key person in the organization with the responsibility to recruit, train, and manage human resources. There is a significant demand for HR professionals in Canada, which makes it a popular specialization for pursuing an MBA.

Job Title

Top Employers

Average Salary/ year

Human Resources Manager

Scotiabank

CAD 178,000 (INR 1,10,96,280)

Human Resources Officer

Employment and Social Development Canada

CAD 74,900 (INR 46,69,160)

Chief People Officer

Secunda Canada, Toronto Transit Commission

CAD 196,000 (INR 1,22,18,380)

Human Resources Training Executive

Surrey Urban Mission Society, City of Toronto, Government of Saskatchewan

CAD 132,000 (INR 82,28,700)

Recruiting Manager

McKinsey & Co., Amazon Advertising Canada

CAD 175,000 (INR 1,09,09,270)

MBA in Operations and Supply Chain Management Jobs & Salary

An MBA in Operations and Supply Chain Management will equip you with concepts in business analytics, production and operations management, micro and macroeconomics, process improvement, quality assurance and more.

Job Title

Top Employers

Average Salary/ year

Operations Manager

Government of Saskatchewan

CAD 207,000 (INR 1,29,04,110)

Operations Analyst

Bank of America, Porter Airlines, and DHL

CAD 139,000 (INR 86,65,070)

Supply Chain Manager

Capgemini, KPMG

CAD 226,000 (INR 1,40,88,540)

Business Operations Associate

EY, University of British Columbia, Burberry

CAD 147,000 (INR 91,63,780)

Chief Operating Officer

Prairie Centre Credit Union, Vessi

CAD 209,000 (INR 1,30,28,780)

MBA in International Business Jobs & Salary

There is a wide scope when it comes to jobs in Canada after an MBA in international business. This specialization prepares you for high-paying managerial jobs in top firms, which is why it is a popular choice among international students.

Job Title

Top Employers

Average Salary/ year

Business Analyst

BFL Canada

CAD 154,000 (INR 96,00,150)

Business Development Manager

Sales Force

CAD 191,000 (INR 1,19,06,690)

Project Manager

City of Hamilton

CAD 148,000 (INR 92,26,120)

General Manager

Canada Games Aquatic Center

CAD 180,000 (INR 1,12,20,960)

Business Consultant

IBM Canada

CAD 141,000 (INR 87,89,750)

Suggested: Which MBA Specialization is in demand in Canada?

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Tips for Finding a Job After MBA in Canada

To land a desirable job after an MBA in Canada, you must start preparing from the day your program begins. Here we have listed a few tips that will help widen your scope after an MBA in Canada:

  • Personal Networking: Personal networking plays an important role in helping you find jobs. As an international student, you are bound to take some time to adjust to the curriculum and complexities of the program, but that is the same time,e you will meet a lot of people.
  • Internship Opportunities: Keep your eyes open at all times and look for internship opportunities that will add value to your CV. Participate in job shadowing to see what exactly the job role will be.
  • Profile Building: Focus on building an impactful career profile that speaks for itself. Make sure you are diligent with your academics and achieve high scores so that employers themselves are willing to offer you the job.
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  • Career Portals: You can use online job search portals, social media, recruitment agencies, the university’s career center, career events, job fairs, etc. to check for any vacancies.
  • Up-to-date CV: The first thing that an employer notices is your resume. So make sure you tailor your resume and keep it updated with any academic or professional achievements, skills, work experiences, etc.

ROI After MBA in Canada

An MBA in Canada is a big investment for the future. Therefore, it is prudent to look into the return on investment beforehand. Let us first understand what you are investing in. The biggest slice of your financial investment will be taken by tuition fees.

Your secondary costs will be your cost of living in Canada which consists of direct and indirect expenses such as accommodation, food, transportation, books, laptops, and personal expenditures on shopping, entertainment, etc.

The average annual tuition fee for an MBA in Canada is somewhere between CAD 28,000 (INR 17,45,480) and CAD 117,500 (INR 73,24,790). Compared to this, the salary after an MBA in Canada is around CAD 97,000 (INR 60,46,850) per year. This means you will be able to cover the primary cost of an MBA in Canada in the initial years of your career. So, it is surely a winning deal!

A few factors that you must consider before investing in an MBA are:

  • An MBA is a long-term investment. No doubt it will reap benefits, but you can’t expect the returns immediately after earning your MBA.
  • Over the years, it is likely that you will rise to the top managerial positions of a company.
  • Some people hold back from doing an MBA because of the financial commitment that it demands. But you will be holding back a big paycheck by not earning an MBA.
  • The ROI for an MBA in Canada also depends on how much importance your sector places on an MBA degree. For finance and consulting firms, an MBA is essential for getting placed in a top firm.
  • Keeping in mind your starting salary for an MBA in Canada for the first few years, it will take less than 4 years to recover the initial investment.

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From the above discussion, it is safe to say that an MBA in Canada will lead you to global opportunities. Given the scope of an MBA in Canada, professionals from other fields also see this degree as a way to advance their careers. People in careers with no scope for advancement feel stuck at a point, which is when an MBA enables a smooth transition into a management or executive-level position. With ample jobs after an MBA in Canada for international students, it is a lucrative career option.

From the Desk of Yocket

In conclusion, the job landscape after an MBA in Canada offers a diverse array of opportunities, especially in major hubs like Toronto, Vancouver, and Montreal. The stay-back options and competitive salaries enhance the appeal for international students. Choosing the right specialization and proactive networking are crucial steps for success. With insights into popular specializations, top recruiters, and effective job search techniques, international students can strategically navigate their post-MBA journey. The return on investment (ROI) analysis further reinforces the long-term value of pursuing an MBA in Canada, making it a compelling choice for those aspiring to advance their careers on a global scale.

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Frequently Asked Questions About Jobs After MBA in Canada

What is the average salary of an MBA in Canada per month?

What are the top MBA specializations in terms of average salary after an MBA in Canada?

What are the most popular jobs after an MBA in Canada?

How long can an international student work in Canada for jobs after an MBA?

Is it worth doing an executive MBA in Canada?

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